tv MONEY With Melissa Francis FOX Business October 16, 2013 12:00am-1:01am EDT
at is our show. se you next time. ♪ melissa: i'm melissa francis and here what is "money" tonight. >> remain calm. [shouting] all is well! melissa: negotiations in congress falling apart or is there hopeor a deal now before the deadline. one senator in the thick of i all joins us with t ver latest. plus, bringing manufacturing back to the u.s., martha stewart launches a new campaign to bring made in america back to life. she is here to tell us all about it. "who made money today?an entire state is swimming in it afte strikeing a historic record. stay tuned for the answer. even when they say it is not, it is always about money, my
friends. >> 33 hours away from the possibility of anited states of america becoming a deadbeat nation not paying its bills. melissa: in fact jus moments ago, fitch putting our country's credit on negative watch. it's a big deal to markets and investors. this just as reportedly there is progress being made in washington right nowo end the shut down. in a few hours the house will vote on a plan tund the government through february 15th, raise the debt limit to februaryth and cut off subsidies to congressiol and whiteouse aides. even if the measure passes tonight, it will face aough challengin the senate. here to weigh on the ongoing negotiations senator john hoeven of north daka.
senator,, let me ask you, would you vote yes or no on the proposal we're talking about now? >> melissa, we've got toee it but we need something done. we're working on two fronts, the house bill which i'm supportive of them bringing a bill forward. we're negotiating with the senate as well. yes, i very much want -- melissa: wt do you think of thei details? i mean basically it's clean. all the way through as they would say. extending, funding the government through december 15, taking the debt ceiling to february 7th. it jt has th vitter language in there. would you support that specifically? >> yes. and we in the working very hard for them to advce the bill to us. we're actively working with t house couerparts to pass the bill and move it over to the senate so we can go to work on it. melissa: some ofhe gossip behind the scenes ts, is move to dump it i your lap. soundike you welcome that. uld it be sticking it to democrats at all they would be faced with, you can accept it as
it is if you will to let your aides go into obamacare on exchanges? >> we need to gett done. we need to get the govnment open and we need to address the debt ceiling. so the house needs to bring this bill forward. we're actively working with them to support them and get them to dot. it will come over to the senate. we'll try to get the bt bill we can through the senate. it may get changed some, go back to the house. this is how ww get a deal done. so we're working both fronts, working with the house and trying to rch out across here in the senate to something done. one other point i want t make. i think one of the keys we make sure we focus on reforms and savings in therocess as part of addressing the debt ceiling. melissa: what does that mean? i mean because at love folks are wondering if we just push off the deadline, whether it is december 15 or fruary 7th, we are in essence just setting up for another deadline and the through?ng we've just gone >> that is my biggest concern, melissa. and that's why in the senate version we have a process for a
conference committee of the the respective budget committees @ecause we've got to come up with savings and reform to address underlying problems of our debt and deficit and that is our mandatory spending programs. melissa: and so what do you think realistically could be done on that front? what would you insist on? what would you hold out for? >> what i would likes something built right into the bill, like did with the budget control act where we quire that these committees come forward with solutions. if they don't, you have an effective reform or savings that automatically is part of the legislation. now i dot know if we can get that. that is something i've been pushing for. but short of that,e have to have a process that is a strong as possible in a short enough timeline on the debt ceiling agreement to make sure w get it done. melissa: i'm sure you heard moments ago, fitch putting u.s.'s credit on negive watch. does that put more pressure on you? >> well think it, yes, we nee
to get a dealone. so yes, it doe that goes not to just getting the deal done, if you will, to3 getting kind of reforms and savings we' talking about. melissa: i don't know, it doesn't necessarily address that because when it really talks about is not paying your bills in a few days and whether or not the treasury secretary would go ahead and make bond payments or not. in that sense, is itrustrating if the money is there to make bond payments and you have somebody like fitch or any other credit rating agencies coming out saying th will have t downgrade the u.s. because they're afraid you will not make that payment? isn't that a different issue? >> melissa i tink it is two things. first it is about geting a deal done so we make se there is no default orny question whatsoever. then beyond that, i think it s making sure that we address the underlying drivers of our deficit and our debt. melissa: senator, thanyou so much for coming on. we appreciate your time and good luck to you. >> thanks, melissa. melissa: the deadlock in d.c.
causing the dow to take a dive this afternoon. we're two days away from the debt deadline. what should you d with your moy before all hell breaks loose? joining me liz ann sonders, chief investmt strategist for charles schwab. you've been hearing everything go by. what do u think about fitch putting the credit on negative watch? >> i don't think it should come as a surprise. that is the first step before an actual downgrade. they would follow what s&p did back in 2011. i hope this lights a necessary fire under congress. i think se i congress were looking f, maybe even the administration looking for the stock marketo ride up a bit more than it has to be fire. that hasn't been the case. i'm not suggesting that the market is looking past this but certainly not the nd of volatility w saw ba in 2011. maybe this is the ke melissa: mae. you say it follows what s&p did but there is some thought that maybe fitch wouldn't really have the courage to pull the trigger. you look what happened to s&p after they downgraded the debt.
they were sued later on. they we the only ones sued for their role in the financial crisis. a lot of people thought that was retributn including s&p. do you think that moody's and fitch, this time around are watching what happened to s&p. maybe they may threaten with a negative watch but they wouldn't actually do it? >> well, that is the point. you can threaten with a watch. it doesn't automatically suggest they're going to downgrade. yes, but not only, was it the legalrangling that s&p had to deal with, but al remember, all the armageddon scenarios what would happen if any of of the ratings agencies downgraded debt there would be massive selling of treasurys because ownership would be questioned. it would go against investment policy statements because of the need to own aaa. ne of those things came to fruition. i think from a mket impact perspective we've been down this road before. whether it is just bluster on their part, i don't think we're like to hearnything from them until w get past the deadline and look at potential
default. you ma a good point. melissa: so do you think thoh, that downgrade would not b armageddon this time around? there are still, i mean you have so many people out there saying the opposite. mark zandi is one saying that this would be opening pandora's box. you don'tuy into any of that? >> oh, don't think a debt downgrade would be anythg rrsembling a positive. it is just the armageddon scenarios regarding the thought there would be massive dumping of treasys, forced dumping of treasurys didn't come to fruition. i'm not sure that would be case. a downgrade last time did not me in connction with a defaul certainly if you got both a same time or dault happensnd reed ia downgrade, and i'm sure moody would probably follow, we're possibly in all bets are off scenario. when we got the downgrade but didn't get the default, what a lot of the raving bears thought would happenid not. melissa: s what your bet this time around? you are chief investment strategist.
you are sitting at the helm the face of all this. what do you think will happen and how are you preparing yourself. >> i wouldn't venture a gss what would happen. we're still a vw a default is low likelihood event. simplicity it is unthinkable that it would happen. that cooler heads would prevail. but really depends on your perspective as an investor. if you're a gambler, not an investor, and you have an opinion what is going to happen i think it is fairly clear. the market is obviously extremely sensitized to thiss3 issue,ot just what we saw today, when it looked like talks were breaking down but whate saw last wk as well with a massive, partly short-covering rally when we heard that a deal was possible. we're higy sensitized to this we're actually suggesting investors, unless they have truly that gambling mentality it's a very, very tricky thing to try to trad around this. as to forecasting t outcome, not our bailiwick. >> say it is tricky to trade around that i'm interpreting that youhould nei panic
and get out and put everyg in cash or try and tke the opportunity if you see a big dive, you wouldn't jump o that and buy either, is that what you're saying? >> there is rarely if ever a circumstance where we suggest panicking gettingng out of everything. melissa: you know what i mean. >> if you're gambling on a moment in time, it is why us that. investing should be process overtime. depend on your peck spif. if you're a higher risk tolerance investor looki for some opportunity to add to equity exposure, loo at some of theolatility as an opportunity. if you're a much more rk averse investor, you don't want toose a money, you need mc, you may want to keep your cards close to the vest. there is no one right answer. coy have a singular view what e market is going to do as to what investor a and investor z and eveon in between ought to do about it varies on personal circumstance. i know that is not exciting media answer to the questionut it really depends on the individual investor. melissa: it does, but i will interpret that as don't panic hold steady. panic is never a strategy.
melissa: panic is never a strategy. next on "money," ank you. next on "money,", the eopean debt crisis, chaos in syria, egypt, the fiscal cli, what do they all have in common? they were all supposed to be the end of the world, don't you rememberthat? they didn't getixed and here we are still. is this feeling like the real thg? the future o smartones may be the elite curve but who is making batteries. the race is on for phones and cars and howo pick the winner. n't away. n't away. mo when we made our commitment to the gu, bp had two bigoals: help the gulf recover and learn from what happened so wcould be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've aed cutting-edge technology, like a new deepwater well cap and a statof-the-art monitoring center, whe exper watch over all drilling activity twenty-four-seven.
you al love, whatould you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be ailot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement shld be, paying ourselves to do what we love?
♪ can. melissa: it is the end of the world, haven't you heard!? if congress fails to raise the debt ceiling it will be an economic apocalypse. let's be honest, does that sound familiar? europe on the brink. chaos in egypt. syria in crisis. the fiscal cliff is coming! we went over the cliff and the world still turned. is the dt ceiling the end or another case of boy that cried world? here is my favorite professor, charles lipton from the universi of chicago and paul vina from "the wall street
journal." chars, so great to have you back on the show. paul you too. we haven't seee charles in a little while. so have to give him his props right out the gate. le me ask you, the world is set to end a number about times now. i'm fairly sure we're still here and don't think we solved a lot of problems. italy, cyprus, spain and greece. did w fix the problems or did the worried endnd i didn't g the message? >> you're in new york but in chicago the sky has actually fallen and you haven't -- so, actually, what happened there and what looks like will be the answer to what we'reoing is kicking the n down the road. somebody just told me that it seems like they're dancing around the candle. i said there kicking that candle downhe road. but i will say one thing that really connects what'sshappening there wwth thoseinds of countries and what is happening here. the european commission has said
that if, that they're concerned about four countries because their debt-to-gdp ratio is above prudent levs which they sett 60%. do you know what ou is? 73%. so in othe words, according to their ind oftart european criteria we're already well into deep, deep trouble. melissa: yeah. paul, the fiscal cliff, iean that was one we were going to go over. the sequester was going to come. the world wa going to end. >> right. melissa: i'm not sayinghere is any impact whatsoever, but the whole idea it was apocalypse we keep hearing it. what about fiscal cliff, that s not apocalypse. >> of course, it wasn't an apocalypse. i think the thing you have to keep i mind is, none of these events will end the world obviously, right great depression, world war ii, thingsworst ings happennd. we gt throogh them. melissa: we're being dramatic. what they'r saying they will send us back into deep recession
or depression. mark zandi is out saying that right now about this -- >> that could happen. if you -- meliss but they threatened about all the other things. with the fiscal cliff they said the same thing. >> they did. if you and i walked out on the street and asked 25 people if they thought the recession really ended, i bet 18 said it never really ended >> that is not the same thing as sending us back into a deep recession. >> my pot is -- melissa: go ahead. >> to a large extent things happened last five years are still with us and we've not dug our way out of them. when we talk about recessn we're talking about a technical academic thing. when you talk about what is really going on in the economy the things that happened five years, things that happened over the past few years, in europe, in here, in the united states, those things have had an effect. they continue to have an effect. melissa: they have an effect, they're a drag without question. charles, you know what i'm talking about here. ey're saying it is going to be, you know, markets are going to tank. if you look where the market is right now, it is above where it was when they shut dow
originally went into effect. certainly that is nothat was predicted. you look at egypt and syria, r example. we wereon the brink of war with syria. we haven't fixed that problem yet. i mean there's but still -- >> i would distinguish -- melissa: go ahead. >> i wld distinguish between a discontinuous break where we have sharp recession where we fail to pay our debt and with what paul is talking aboutith i totally agreeith and suspect you would too, we ha successive years of losing real income. we have a government clearly dysfunctional. we have l kind of major features, of public policy if introduced uncertainty and that is raised unemployment. it has raised uncertainty. there are real problems. now if you look at foreign policy, i think our foreign policy is absolutely rudderless. my sense is that we absolutely don't have a strategic sense of what we're doing. melissa: okay. >> and egypt is an example.
syria too. melissa: so before we run out of time, is thisarticular crisis more serious than those ones that i just mention that seemed very serious at the tme and like they could totally derail markets and economy? i understand they hav been a drag but they were painted as, th could blow up these things, they did not. is this particular debt ceiling, is it more serious than all of the things i mentioned? charles, go first. paul next. >> it is more serious if they fail to actlly reach an agreement that might lead to debt non-payment. we're still in the middle of it. if greece had actually defaulted or somebody pulled out of the euro that would have been seris too. right now that doesn't look like that will happen. we don't know about washingto melissa: more serious or same amount, or less? >> more serious but there's a much smaller chance of it happening, a deflt. default is the real thing to look out for. melia: right. >> no one thinks it is going to happen, probably not going to happen but if it were to happen
the united states defaulting on its debt, yes, melissa, that is more serious. melissa: thanks to both of you. >> thank you. melissa: from u.s. to every corner of thelobe money has been flying around the world first to switzerland. nuclear talks with iran and fe other major powersicd of today. bilateral discussions with top iranian and u.s. negotiators took place. th head of the u.s. delegation describethe talkss useful. they will recommence tomorrow. on to ireland the economy is recovering but the government is announcing new budget cuts anyway and subsidies an benefits to retirees will be scaled back. ndouts to unemployed youth will be cut by 30%. it will save irish taxpayers $3.4 billion over the next year. landing in india, a 15-hour flight and if that is not bad enough. air india is launch an investigation after a passeer found worms in their mid-flight sandwich. the flight wasn route to delhi from new york.
air indyaw said a leading caterer in the u.s., based here, likely responsible horrible. that is the end of the world by the way. p>> xt on "money," welcome to a new battleground in the tech wars. curved batteries. they can't be made fast enough. do you know what that means for the next generation of smartphones? we'll tell you what you haven't heard anywhere else. plus want to mak a mint off yournmatched fantasy football skills? you are probably a genius investor a you don't even know it! stars and cite tore of the league on fx are here to prove
jo? >> we havereaking news on twitter. they will be lting on the new york stock exchange. previously we only knew it would be a ticker symbol of twtr. wenow it is new york stock exchange. this was comg from an updated s-1 regulatory filing. we will get more information for you. this has been a long battle between nasdaq and twitter. nasd even was still trying to coax twitter into listing with them throughout the entire process, even throuout the new s-1 filg we just got recently of the so this is a very big deal a big win for the new york stock exchange to be listing twitter under t ticker symbol, twtr. melissa: a big blow for nasdaq. thank you so much, jo. >> no problem. melissa: samsung's curb galaxy round phoneelook sexy but without batteries to make them work you're looking at expensive papereight. that is battees inside some of tech's newest advancements caught the eye of investors and consumers ali. weay be focused on the wrong side of innovatio
joining me on the break-throughs is tyson slocombe. so,ighs on son, lg samsung are both working on curved batteries. doesn't that dem a lot about price and availability of these products, who wins and where t tteries come fro >>bsolutely. there has been real robust competition innnovatn in all sorts of seemes of the battery market not just for personnal electronics like smartphones. the transportation sector, medical devices. the problem here we're not seei robust competition in the united stes. 92% of the market for these batteries is dominated by japanese, korean and chinese firms. melissa: i mean it can be very lucrative. it tells you a lot where the industry is headed. at the same time it could be really dangerous. takehe curve battees for example. these phones are slated to go r about a thousand dollars. they may or may not catch on with consumers. so you spend a lot of money t win this battery race. if it's a home run you've done
fantastic but if these phones don't catch on, i don't know if i need a curved phone, it's a big risk, right, tyson? >> it could be. i think there will be broader applications than just a handffl ofnnovative phone desig. wh you look at these flexible designs which is what these batteryanufacturers are going for, there is going to be numerous applications in oer types of commercial procts and military products. >> absolutely. what you're lking about is mind-blowing. lg is developing a cable battery. it can bend. it can be tied in a knot. it's waterproof. what are theeapplications for this? >> i mean it is unlimited. baeries pl a central role in, in personal electronic devices. they play a key rol in satellite technology. they have a numr of military applicatations in the transportation sector, not just automobiles but
aircraff a well, the list goes on and on and t challenge has been that, you know, for chip technology which is what makes the smartphones smaller and ster and stronger, we've got the moore's law. one of the founders of intel, every 18 month the capacity of chips doubles. we don't have a corresponding moore's law for energy storage for batteries. that is theig challenge. melissa: that put as ton of pressure on the batry industry and big rard for those who come up ith the right answers. meanwhile, there is a fight overcapacity a well, who can produce the batteries. you look at tesla right now, trying to cut a dea wh samsung. >> right. melissa: the are so many electric vehicles, so many electric vicles coming to market. is there a race there for capacity? does it come down to who can get a battery? >> oh, absolutely. the challenge of getting both power density and energy density in batteries will be key for something like a super hgh
performance, all electric power vehicle like what tesla produces that's the holy grail. melissa: yeah. >> you've got batteries that ha got high eney dsity that last for a while. you have some types that just have power density. finding that match between the two is what will be the key in transportation sector. melissa: tyson, thank you so much. great stuff. >> my pleasure. melissa: cominup on "money,% if you're makingan on fantasy football, you're actually great investor. in case you didn't even know it. we've got one of the stars and one ofhe creators of fxs's "the lgue" here to prove it to you. will martha stewart take back the reins of as ceo of her compan one a only martha? "pil of money" coming up.
bench. >> i lost by three points. you have to be a bad. make your decision. >> 1 to make a decision for myself as the dead got married. [laur] melissa: trigger fish to see it to reality with money as cold hard cash for 24 million it a big decision do you know, if you score high you could be a great instor? toucown. with me is the money lined up i have kevin also jeff schaefernd our own expert money mager fay. ♪ joining us. i do you manage your muddy
you are on top of it. >> i am not allowed to open my own mail. [laughte >> be a great debt to e the ball? they're not doing as well for fantasy football? the u.s. is hereo prevent. what is the number one tip? >> the best example is a sweet boy from canada who doesn't know much about the nfl even forgets when the draft is and he does the autographed and he almost has 100 seated record he is the top of the league and is speeding all of us. do not tinker or do we get
especially when you are dropped otherwise you look like yourld friends. [laughter] >> is you so much. is that good investing advice? >> it makes sense the diversified portfolio that we talabout all theime a little bit of this or that t not too ch. utilities, t energy, a pharmaceuticals, maybeven some canadian stock. so you he a divsified portfolio not everybody will win every week. energy is the same saying that you have a little bit if iworks out to. >>. >> don't b aaid of the
unknown player? >> sows and not alwaye people that will create the most and d you know any of these people but you do now. the 24 million americans say why didn't no sooner? you have got to know when these people start to hit it big. but just like in the stock market being too ely can also mean been wrong. messa: had to get that truck stop advice? >> you never know i guess. [laughter] is the look at the investg map some of the biggest names are those that perform
the best in the big names like theapple, but caterpillar comedy, microsoft, hewlett-p acka the most well-known players but you have those that nody knows who the companies were but they do know now because they are up 55%. melissa: but sun gave require research or locked but don't be afraid. of the third tip don'tut the first two draft picks of ruuning backs? >> yes. you wa to get the most points. melissa: why is there pressureo do that? >> there's so much misinformation the seattle defense at every phasef you have to hahe defense i told everybody they would be terrible. stay away and don't touch them then i drafte the seattle fense. [laughter] luckily people our hont
anabove board. [laughter] melissa: scott? >> i hope the guy at bear stearns is still answerg the phone. but going into the year you want to buy microft or google's but there is other good technologyompanies that are performinwell. outperforming the leaders so he would get their running back, they are right you think have to have the leaders but guesshat ju like the tech sector data have that either? melissa: kgb eerts in investing as well? >> give me some mey. >> to have a plug? >>. >> there are now resistor
lissa: a qck updates one action group has defeat on the fundg bill and we will watch that and updatehe situation as thingsre happening fast tonight. larger producers d small businesses are the backbone of the economy who knows better than martha stewart? she is leading a new me in america movement to help others follow in her footsteps i had ahance to sit down andalk with her myself. melissa: why americanmade is the focus? >> we have faced a crisis
and we have been using the defection to foreign countries. ey're shutting wn your door to procurers bt havv nolace to build the business now there is a big backlash and we are happy to be there promoting american made that means that means to find the best entrtreprenuer even those in eir forties and fifties. melissa: do they have to make you fracture their product? >> no. other products thate are honoring everything is manufactured in the united states. melia: how does this fit with your own brand? charlie: we e all about
we don't manufacture everything becae we have many, many partners. much of that isade overseas. but we do have some things that are made here. melissa: are you looking to bring that bacack? what stands in the way it is at so to have a world of tting in sheets and towels that he had just shatter the doors because labor is costg more a union cost to make the prices implode but we're hopeful in the future because dirt jehad to bring that back here that means brging back that manufacturing to our shores may be over the last "money" years they would reopen which should bgreat for our economy.
melissa: but it is cheaper to make products overseas do you feel a also hous to compete on price? >> many of the things we're making in china and the pric have staed to rise little by little and they are equall with shipping d customs started to equal wh could have been the price if they were manufacted here. it is a gentle problem but i think we can overcome tse challenges if we look anc and promote what is being made here. we have 2400 young college to producers enter the contest this year for the people's choice award for one at a 10 p placewe choose 10 american made entreprenuer every year.
this is part of the big initiative. and we honor them with an awards cereny. melissa: then do you back them? is there cash prizes? >> you wait and s progress and other themes are happening in the near future where we will have a say in who gets to say what. melissa: what about on the media taking over being ceo again? >> i have thought about it but i am awfully close to hiring a very gd person was keep the figes crosstie will let you know, as soon as it happens to you promise? no. [laughter] we are a public company if we have rules to follow. [laughter] melissa: disclosure on the airould count.
that would be the inspiration for the pre-and. >> that is not the problem. we are embroiled with a long suit between macy's sandy. penney and martha and and tellhe feels goodr is resolved it is very difficult to bri in somebody else. we face the challenges of the last two yearsover j.c. penney so hopefully that will be resolved shortly. meliss you know, i will be houing r. a quick update herridge action group is urging okay we will not do that. women cannot have it all? that is hard to believe now she has the oppounity of a lifetime fm apple. kids to restore their luster?
she is credited to open the tighter market and t burberry brand. what do you think? >> it is areat move up someone who can report with the expanded role it is good for international business. this is a bigger opportunity to turn it around the. >> of the surface of us like a bigger flop is it a boy brand? apple is a byproduct you were being oversensitive a record finish my point she took burberrnvaded a lifestyle brief and apple has to be that. melissa: apple is a lifestyle eryone in my house has apple evething and we were resistant to it. >> may be late lee but that is too much about features
not about does away. >> always wondered behind-the-scenes about the truce that you kiev have all over every then e comes over to apple was that great p.r.? >> i'm not touching this after he jumped over apple you talk about it. >> i think it is great for her to be on apple. melissa: baseopen date the atm? >> what does the media ? get over time if you don't like it then quit. >> they are open all night long? looked at that member the percentage of shoppers is 1% why even do it?
>> because we're talking about it and people are getting excited about macy's those same people could also buy of mine -- job line but it does not build excitement >> i know people who were outraged how cou they possibly dohis? has been going on forever. >> thinks givin is one of the few american holidays at every american ca celebrate i think it is sad they ask people to come to work thi great american holiday. melissa:ou will joe open down on back? you alrey got in trouble is. >> people don't eat dinner a:00 we're rdy for the map melissa: we do he dner thearly i am not sure blood shoe go shopping after
words with asia and taketh the edges to thepeople standing in front of the store for the parade. [laughter] that was a lot of fun. up next they say chad klimt would be jealous. you can neverave too much you can neverave too much money. when we made our commitment to the gulf, bp had two big goals: help the gulf rever and learn from what happened soe could be a better, safer energy company i can tell you - safety is at the heart of everythg we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-t-art monitoring center, whe exper wah ov all drilling activity twenty-four-seven. and we're sharing at we've learned, so we can alproduce energy more safely. oucommitment h never been stronger.
addingo use the short positione was of long-term cric an there are more than 4% by einhorn is still on the losinbattle because the stock is up 60% this year. making a new careers for themselves. the median's it t. day and age we will host a golden gloves and 2015. they got rave revis in january. that is all we have got for you. i hope that you made money today. what tomorrow we'll be talking to travel experts about the highlying luxury extras like the flying nannies? i need one for my husband. trust . don't miss this.
the willis report is next. a paid aertisement ngng s from starvista entertainment and timeif let's turn up the lights and see if y'all have anything you wna... yes? i was just wondering how you keep your ce shape? i keep it because nobody else wants it. is this a repeat show? no, we're live here, this is live. [laughter] w do i feel knowing that over 4 million dvds of the carol burnett show have been sold? [screaming] well, i'd say i feel pretty good. right on! my son ordered the collection for me, the me life collection. oh really! i bought my mom the time life carol burnett collection! i'm sorry to hear that and the critics agree... nius... the funniest... winning a new genetion of fans.